Reading Time: 2 minutes With the growing likelihood of an interest rate cut by the Bank of Canada, spillover from the move could prove to be beneficial for canola prices, according to Calgary-based Errol Anderson of Errol’s Commodity Wire.
Tag Archives Bank of Canada
ICE Canada weekly: Interest rate cuts to have positive or negative effect on canola
FCC predicts drop in farm cash receipts for 2024
Interest rates, inputs costs may come down but farmers urged to sharpen their pencils
Reading Time: 2 minutes FCC's top economist is urging farmers to find any way they can to save money, as the ag lender projects a 4.8 per cent decline in farm cash receipts in 2024 on the heels of lower commodity prices.
FCC’s top economic charts to monitor in 2024
Downward trends for cattle, swine herds; positive bent to feed, fertilizer affordability
Reading Time: 5 minutes As we start the new year amid elevated inflation and major headwinds facing the economy, here are our top charts to help make sense of the economic environment for farm operations, agribusinesses and food processors.
Canada’s jobs growth stalls in December as wages accelerate
Declines in goods sector driven by job losses in manufacturing, construction and agriculture
Reading Time: 3 minutes Canada's economy added far fewer jobs than expected in December and the jobless rate remained at 5.8 per cent, but permanent employees' wages increased at the fastest pace in three years, data showed on Friday.
Canada economy seen weaker than expected as supply chain woes weigh
Reading Time: 2 minutes Ottawa | Reuters – The Canadian economy most likely underperformed expectations in the third quarter amid ongoing supply chain woes and a brutal drought, official data suggested on Friday, prompting analysts to forecast the Bank of Canada could move slower on rate hikes. The economy expanded by 0.4 percent in August, missing estimates, and looked […] Read more
Ag seen gaining on slightly weaker loonie in 2019
Reading Time: 2 minutes CNS Canada — Farm Credit Canada (FCC) predicts the Canadian dollar will spend the year around the 75-U.S. cent mark — slightly softer than last year’s average of 76. “We’re going to see volatility throughout the year obviously but when we look at that season, or the full year average, we’re looking for it to […] Read more
Trade certainty doesn’t translate to higher loonie
Reading Time: 2 minutes CNS Canada — Even with more certainty around trade with the U.S., Canadians shouldn’t expect to see the dollar flying in value. “It’s hard for me to see the Canadian dollar gain value against the U.S. dollar in the short term, unless the Bank of Canada totally revises its stance towards interest rates,” said J.P. […] Read more
Consider hedging against rate hikes, farmers advised
Reading Time: 2 minutes CNS Canada — The Bank of Canada has raised its benchmark interest rate to 1.5 per cent, marking the fourth time it has raised rates since last summer. The increase from 1.25 per cent is the base rate retail banks pay for short-term loans, but consumer rates for mortgages, lines of credit and other loans […] Read more
Low loonie not good for farmers right now
Reading Time: 2 minutes CNS Canada — Usually when the Canadian dollar starts to drop lower than its U.S. counterpart it’s good for producers — but this time not so much. Along with the drop, commodity prices have also dropped. “Unfortunately I’m not so sure that what we’ve seen in terms of a decline in the Canadian dollar versus […] Read more
Farmland values rise, but interest rates curb market
Reading Time: 3 minutes CNS Canada — Prices of Canadian farmland were seen rising in 2017, with most sales happening in the first half of 2017 before interest rate increases and the drought in Western Canada hit. That’s according to the annual Farmland Values Report released Monday by Farm Credit Canada (FCC), based on 90 per cent of farmland […] Read more
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